Why these 4 ASX shares are tumbling lower today

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has bounced back from two consecutive days of declines and is up 0.7% to 6,246 points in afternoon trade.

Four shares that have failed to follow the market higher on Wednesday are listed below. Here’s why they have tumbled lower:

The Asaleo Care Ltd (ASX: AHY) share price has continued its decline and is down a further 6% to 79.7 cents. On Tuesday the personal care products company’s shares were crushed after it slashed its full-year guidance following a tough first-half. One broker that didn’t like what it saw was Credit Suisse. It has retained its underperform rating and cut the price target on Asaleo Care’s shares from $1.30 to just 78 cents.

The Data#3 Limited (ASX: DTL) share price has dropped 3.5% to $1.62 after the IT services provider released a trading update. Despite a stronger second-half performance which saw a record net profit before tax of $16 million, full-year net profit after tax for FY 2018 is expected to be down 9% from the prior year.

The Navitas Limited (ASX: NVT) share price has tumbled over 3% to $4.09. This morning the education services provider revealed that after a detailed portfolio review of the Careers and Industry segment, it will undertake a rationalisation program to address the profitability of parts of its portfolio and create a solid foundation for growth in the segment. A number of one-off charges will be included in its FY 2018 financial result, which are expected to be in the region of $130 million post tax.

The Oil Search Limited (ASX: OSH) share price has slumped lower again and is down 2% to $8.62. As well as coming under pressure from weakening oil prices, the energy company’s quarterly update came in below expectations. This led to Citi retaining its sell rating with a slightly improved price target of $7.01. This is significantly lower than its current share price.

Has your portfolio been hit with these declines? Then don't miss out on these mid cap growth stars tipped for big things.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Data#3 Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…


The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!